Question
Recall the following A= Total asset with minimum cash L= Total liabilities ( except Line of Credit ) + Equity PLUG= A-L Suppose that A
Recall the following
A= Total asset with minimum cash
L= Total liabilities ( except Line of Credit ) + Equity
PLUG= A-L
Suppose that A = 779.7 and L = 761.4 .
Question 1: Then the proforma Line of Credit is ..
Question 2: Then the proforma Cash is ..
Please write down how to calculate it
Thanks a lot
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Financial Accounting
Authors: Anne Britton, Christopher Waterston
3rd Edition
027365859X, 978-0273658597
